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CNBC

Consumer rebounded in June but didn't offset declines from April, May

CNBC · New
CNBC
CNBC
New

Liz Everett Krisberg, Head of the Bank of America Institute, joins 'Squawk Box' to discuss the state of the American consumer, the impact to income groups and much more.

BreakdownGenerated by LeadStory AI
  • Consumer spending increased by 0.2% in June, but did not offset earlier declines. 6s
  • Higher-income households accelerated spending, while lower-income households pulled back. 1m 26s
  • Spending on services, especially travel, declined for the third consecutive month. 1m 39s
  • Restaurant spending showed fewer households dining out, but higher spend per visit. 2m 40s
  • Wage growth was stronger for higher-income households compared to lower-income groups. 3m 6s
Economy